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Podcast: Indy Audio
Episode: Paddy Quick Explains Interest Rate Hikes, Government-Engineered Increase in Unemployment
Description: The U.S. is experiencing an inflation rate of almost 8%, the highest it’s been in 40 years. The cost of just about everything is going up, up and up. To rein in inflation, the Federal Reserve plans to steadily increase interest rates over the coming year. To help us better understand what the Federal Reserve is, why it’s doing what it’s doing and who the winners and losers, Paddy Quick joins us. Quick is a retired professor of economic at St. Francis College in New York, a member of the Union of Radical Political Economists and a contributing writer...